Thailand gains from trade war as foreign investment rises

Thailand is seeing increased foreign investment amid global trade tensions, helping to drive economic growth toward its 3-3.5% target, Finance Minister Pichai Chunhavajira said. The country remains fiscally stable with ample liquidity, making it attractive to investors. The government aims for 4% export growth this year, but rising US tariffs could push Thai export costs up by 6-8%, according to the Joint Standing Committee on Commerce, Industry, and Banking. The Federation of Thai Industries warned that the struggling automotive sector could face further pressure if the US imposes new tariffs on car imports. The Thai Chamber of Commerce urged the government to set up a “war room” to address potential trade threats from the US administration.